Lesaka announces departure of Alex Smith, Chief Accounting Officer
January 17 2023 - 4:05PM
Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS:
LSAK; JSE: LSK) today announced that Mr. Alex M.R. Smith is leaving
the Company to pursue other opportunities. Mr. Smith’s last day of
employment will be March 01, 2023. During this notice period, Mr.
Smith will assist the Company in consolidating the roles and
responsibilities of Chief Accounting Officer (“CAO”) into the ambit
of Lesaka’s highly experienced Finance team.
Chris Meyer: Group CEO,
commented: “The past 18 months have been a time of
significant transformation for Lesaka. While it has been
challenging, our focus on execution has resulted in substantial
strides being made towards building and operating the leading South
African full service fintech platform. Alex has played a key role
in Lesaka’s growth journey and its transition from Net 1 to Lesaka.
Prior to my appointment, Alex was interim Group CEO for over a year
after serving as the Company Chief Financial Officer for four
years. I would like to thank Alex for his valuable
contribution to the Company.”
Naeem E. Kola: Group CFO,
commented: “The successful acquisition and integration of
the Connect Group (“Connect”) was a landmark transaction for
Lesaka. It has been transformational in the Company's turnaround
journey and has strengthened the Company’s strategic position,
underpinned by Connect’s track record of profitability and growth
at scale. As part of the integration of Connect, we have built a
finance and reporting function that is well-equipped to support
Lesaka’s growth prospects and execute on opportunities for
expansion as these emerge. I would like to thank Alex
for his support, insights, and contribution our
team.
“The integration of Connect benefited the
finance function substantially, by incorporating Connect’s capable
and experienced finance team. Consequently, the roles and
responsibilities previously undertaken by the CAO are being
consolidated into Lesaka’s finance team,” concluded
Kola.
About Lesaka (www.lesakatech.com)
Lesaka Technologies, (“Lesaka”) is a South
African Fintech company that utilizes its proprietary banking and
payment technologies to deliver superior financial services
solutions to merchants (B2B) and consumers (B2C) in Southern
Africa. Lesaka’s mission is to drive true financial inclusion for
both merchant and consumer markets through offering affordable
financial services to previously underserved sectors of the
economy. Lesaka offers cash management solutions, growth capital,
card acquiring, bill payment technologies and value-added services
to formal and informal retail merchants as well as banking,
lending, and insurance solutions to consumers across Southern
Africa. The Lesaka journey originally began as “Net1” in 1997 and
later rebranded to Lesaka (in 2022), with the acquisition of
Connect. As Lesaka, the business continues to grow its systems and
capabilities to deliver meaningful fintech-enabled, innovative
solutions for South Africa’s merchant and consumer markets.
Lesaka has a primary listing on NASDAQ
(NasdaqGS: LSAK) and a secondary listing on the Johannesburg Stock
Exchange (JSE: LSK). Visit www.lesakatech.com for additional
information about Lesaka.
Investor Relations and Media Relations
Contact:Phillipe WelthagenEmail :
phillipe.welthagen@lesakatech.comMobile: +27 84 512 5393
FNK IRRob Fink / Matt Chesler, CFAEmail:
lsak@fnkir.com646.809.4048/646.809-2183
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